Alberta · CCAA
Application dated May 26, 2025
Application / notice of application · 26 May 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Unsecured Creditors shall receive a cash payment equal to 70% of their Allowed Affected Claim, as well as a top-up equivalent to the remaining 30% of their Allowed Affected · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · conditional on: Unsecured Creditors shall receive a cash payment equal to 70% of their Allowed Affected Claim, as well as a top-up equivalent to the remaining 30% of their Allowed Affected Claim through a choice of either shares in 420 Parent (the 'Parent Share Election') or proceeds from the Litigation (the 'Litigation Proceeds Election') · claims qualifier: unstated; basis: plan · quote: Stoke shall be paid in full in cash; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Stoke Canada Finance Corp. (secured creditor of 420 OpCo) · creditor name: Stoke Canada Finance Corp. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: any Affected Creditors that have made a Convenience Election shall receive a cash payment equal to the Convenience Amount (being less than or equal to $10,000); · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount high: 10000 · class label: Affected Creditors that have made a Convenience Election · interim final: unstated · conditional on: cash payment equal to the Convenience Amount (being less than or equal to $10,000) · claims qualifier: unstated · table missing: